PEC Ltd. announce that the Group is expected to report a significant loss for the financial year ended 30 June 2020. This is mainly due to (i) significant impairment losses on certain outstanding trade receivables in view of the difficulties faced in the collectability of such trade receivables and (ii) the outbreak of the COVID-19 pandemic and the circuit breaker and control measures implemented in Singapore and elsewhere which led to the disruption of the Group's business operations.